Business
Representative Image
State-run NHPC Limited has partnered with Defence PSU Bharat Electronics Limited (BEL) for setting up a Gigawatt Scale solar manufacturing unit in India.
"A Memorandum of Understanding (MoU) has been signed between NHPC Limited and Bharat Electronics Limited (BEL) today i.e. 23.08.2022 for setting up of Giga Watt Scale Vertically Integrated Solar Manufacturing Unit," the company said in a regulatory filing on Tuesday (23 August).
The MoU was signed by NHPC director (project) Biswajit Basu and Vinay Kumar Katyal, director (Bangalore complex), BEL.
Earlier on 18 August, NHPC signed an MoU with Investment Board Nepal (IBN) for preparation of Detailed Project Report (DPR) and development of two hydropower projects namely West Seti (750 MW) and Seti River 6 project (450 MW) in Nepal.
The MoU was signed by NHPC CMD Abhay Kumar Singh and IBN CEO Sushil Bhatta in the presence of Nepal's Prime Minister Sher Bahadur Deuba.
“We assure you that to complete these projects on time and in a cost-effective manner, we shall use every bit of expertise gained while constructing and operating 22 hydropower projects in close to five decades of our existence. We will also be investing over Rs 18,000 crore to develop these projects," NHPC CMD Singh was quoted in a Livemint report as saying during the MoU signing ceremony.
Singh also said that NHPC will expedite the preparation of DPR of the twin projects and establish the techno-commercial viability of these projects within the set timeframe.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest